How Child Poverty Has Grown Amid the Financial Crisis

Somewhat unsurprisingly, child poverty rates have increased dramatically in the countries worst affected by the financial crisis. Since the collapse of its banking system in 2008, Iceland has recorded a 20 percent increase in child poverty which now stands at 32 percent. Austerity ravaged Greece is close behind with a 17.5 percent increase between 2008 and 2012, bringing the overall rate to a gloomy 40.5 percent. During the same four year timeframe, child poverty in the United States went up 2 percent, reaching 32 percent by the end of 2012.